Fed to Make First Rate Hike in July: PNC

The video discusses the resilience of US equities despite global market challenges, highlighting the strength of small caps and the divergence between the US and global economies. It reviews surprises from 2014, such as falling oil prices and bond yields, and provides an outlook for 2015, including predictions on interest rate hikes by the Fed. The focus is on the strong dollar and its impact on US markets, with a look at the political climate and potential market impacts. December market trends, including the possibility of a Santa Claus rally, are also discussed.

What were the two major surprises in the US economy in 2014?

• Rising oil prices and increasing bond yields

• Falling oil prices and decreasing bond yields

• Stable oil prices and bond yields

• Increasing oil prices and stable bond yields

When does the speaker predict the Federal Reserve will start hiking interest rates?

• October

• January

• April

• July

What is the current trend in the US dollar according to the speaker?

• Strengthening

• Unpredictable

• Weakening

• Stable

What political outcome does the speaker consider unlikely in the US?

• Corporate tax reform

• Government shutdowns

• New trade agreements

• Increased government spending

What is the speaker's outlook for the US market in December?

• A market downturn

• Increased volatility

• A Santa Claus rally

• Stable market conditions